Proposed Uniform Definition of Independence Discussion Paper

May 20, 2010

The discussion paper below is an attempt to combine two definitions of independence into one uniform definition. The IFAC states that the independence of mind is the state that permits the expression of a conclusion, while the AICPA states that it is the performance of an attest service without being affected by influences that compromise professional judgment. NASBA’s attempt to uniform the definition is in the document attached.

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Proposed Uniform Definition of Independence Discussion Paper